India Ratings and Research (Ind-Ra) in a report said that Government’s decision to levy basic customs duty (BCD) on solar cells and modules from April 1 2022 will lead to increase in solar power tariff rates and create additional risk for domestic manufacturers in incurring significant capex, according to. Further, it would reduce the overall […]
After the announcement of imposition basic customs duty on solar imports, the first solar auction has witnessed a tariff of Rs. 2.20, which is much to the surprise of the renewable energy industry. So far the lowest tariff recorded in the country is of Rs 1.99 which was also held by the Gujarat Urja Vikas […]
According to a rating agency, Basic Customs Duty (BCD) on imported solar cells and modules may increase tariffs for solar power between 25-45 paise per unit (kWh) . The MNRE’s announcement of the BCD implementation on imported solar cells (25 per cent) and modules (40 per cent) starting April 1 could increase the solar power […]
The Ministry of New and Renewable Energy (MNRE) recently announced imposing basic customs duty (BCD) on imported solar cells and modules that will come into effect starting April 1, 2022. The ministry has imposed 40 % BCD on solar modules and 25% on solar cells . Sumant Sinha, CMD, ReNew Power sharing his views on […]
The Ministry of New and Renewable Energy (MNRE) has imposed basic customs duty (BCD) on imported solar cells and modules which will come into effect starting April 1, 2022. The ministry has imposed 40 % BCD on solar modules with HSN Code 85414012 and 25% on solar cells (85414011). Presently, India’s solar sector, just like […]
